EURUSD Analysis: Pair jumps above 1.11 on Brexit optimism, October 17

Regardless of the correction lower from recent 2-month tops, the EURUSD pair retains the bid stance unaltered over the recently outperformed 1.11 handle.

The rally in the pair stays well for one more session, this time it figured out how to advanced to new multi-week highs close to 1.1140, where sits the 100-day SMA and some resistance appeared.

Furthermore, spot gathered additional pace after the EU and the UK achieved a Brexit deal earlier.

On the economic data front, US Philly Fed index dropped to 5.6 in October.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.